Listed
Balaji Phosphates Limited IPO
Balaji Phosphates IPO is a book built issue of Rs 50.11 crores. The issue is a combination of fresh issue of 59.40 lakh shares aggregating to Rs 41.58 crores and offer for sale of 12.18 lakh shares aggregating to Rs 8.53 crores. Balaji Phosphates IPO bidding started from February 28, 2025 and ended on March 4, 2025. The allotment for Balaji Phosphates IPO was finalized on Wednesday, March 5, 2025. The shares got listed on NSE SME on March 7, 2025.
Min Investment
₹1,40,000
Lot Size
2000 Shares
Price Range
₹70
Issue Size (₹ Cr.)
₹50.11 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
1.21x
EPS
₹ 4.19
P/E Ratio
30.3 x
RoNW
17.26%
ROE
18.89%
Debt to Equity (₹ Cr.)
0.95
Timeline
IPO Opened28/02/2025Friday
IPO Closed04/03/2025Tuesday
Allotted05/03/2025Wednesday
Refunded06/03/2025Thursday
Listed07/03/2025Friday
Strengths
- Strong Market Presence in Fertilizers – The company is a leading manufacturer of phosphatic fertilizers, catering to the growing demand in the agriculture sector across India.
- Consistent Revenue Growth – Balaji Phosphates has shown steady revenue growth over the years, supported by strong demand for agricultural fertilizers and government subsidies.
- Balanced Capital Structure – With a Debt-to-Equity ratio of 0.95, the company maintains a moderate leverage, allowing it to finance expansion while managing debt efficiently.
- Diversified Product Portfolio – Offers a wide range of phosphatic fertilizers, NPK fertilizers, and zinc sulfate, catering to various soil and crop requirements, ensuring market stability.
- Government Support & Favorable Policies – The company benefits from government subsidies, agricultural policies, and increasing demand for high-yield fertilizers, ensuring a sustainable business model.
Weaknesses
- High Debt Levels – With a Debt-to-Equity ratio of 0.95, the company relies significantly on debt financing, which may increase financial risk if interest rates rise or cash flows decline.
- Dependency on Government Subsidies – A significant portion of the company's revenue is influenced by government fertilizer subsidies, making it vulnerable to policy changes or delays in subsidy disbursements.
- Raw Material Price Volatility – The company depends on imported raw materials like phosphate rock and sulfuric acid, exposing it to price fluctuations and supply chain disruptions.
- Environmental & Regulatory Risks – The fertilizer industry is heavily regulated, requiring compliance with strict environmental and safety laws, which could lead to increased operational costs.
- Competitive Industry – Faces intense competition from both domestic and international fertilizer manufacturers, which may impact pricing power and profit margins.
Financials
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 95.28 | 88.48 | 96.83 | 82.35 |
| Revenue(₹Cr) | 54.85 | 151.68 | 144.64 | 124.12 |
| Profit After Tax(₹Cr) | 4.15 | 6.04 | 6.09 | 3.19 |
| Net Worth(₹Cr) | 39.15 | 35 | 28.97 | 22.86 |
| Reserves and Surplus(₹Cr) | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing(₹Cr) | 35.58 | 33.22 | 26.32 | 19.88 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | # of Share Offered | Number of Lots Offered | 28th Feb 2025 18:56 | 3rd Mar 2025 18:56 | 4th Mar 2025 18:21 |
|---|---|---|---|---|---|
| QIB | 14,68,000 | 734 | 0.00x | 0.00x | 1.26x |
| NII | 20,40,000 | 1020 | 0.27x | 0.98x | 1.34x |
| RII | 27,20,000 | 1360 | 0.22x | 0.56x | 1.09x |
| Total | 62,28,000 | 3114 | 0.19x | 0.57x | 1.21x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 14,68,000 | 18,46,000 | 12.92 | ||
| NII | 20,40,000 | 27,26,000 | 19.08 | ||
| RII | 27,20,000 | 29,60,000 | 20.72 | ||
| Total | 62,28,000 | 75,32,000 | 52.72 |
Company Details
- 305, Utsav Avenue, 12/5 Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001
+91 9827090267
- balajiphosphate@gmail.com
- https://www.balajiphosphates.com/2
Registrar Details
- N/A
02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php
